Custom Search

Wednesday, June 29, 2016

Elliott Wave Update 29 June 2016

Thursday, June 23, 2016

Wednesday, June 22, 2016

Elliott Wave Update ~ 22 June 2016

Rooftop pattern is still intact. The 2 major rebounds since the peak of 2015 is continuously lower in the Wilshire 5000. If it breaks free upwards we should expect that a great surge to new all-time highs will likely occur.

Monday, June 20, 2016

Elliott Wave Update 20 June 2016

6 month yield has a triangle going.
3 month kind of patterns the same. Are we looking at a potential significant yield in version sometime in 2016? This happened prior to the stock market after the peak of 2007. If the 3 mon th yield rises, the Fed will raise rates as a result.
Gold. Its hard to determine the daily squiggles but the long term pattern has been playing out nicely.
GDOW still lags. Or perhaps its actually leading.
NYSE top wave count.

Friday, June 17, 2016

Thursday, June 16, 2016

Tuesday, June 14, 2016

Elliott Wave Update 14 June 2016

GDOW is at 38% retrace from its peak. That gives you an indication of the disconnect between the US markets and the rest of the world.

Monday, June 13, 2016

Elliott Wave Update 13 June 2016

3 month rates indicate that the Fed will not raise rates.

Wednesday, June 8, 2016

Elliott Wave Update 8 June 2016

Wilshire coming up on last line of resistance prior to perhaps making a new all-time high price stab. Exciting times. June 2016 marks the peak of Prechter's 7.25 year price cycle which has been in existence for several decades. The March 2009 low was the last cycle low. It was expected that this would be a cycle price low but its shaping up to be the opposite.

I suppose June would be a good month to go short depending on whether indices start making new highs and others don't creating a bearish negative divergence.  But that hasn't happened yet, so probably hold tight until some divergences appear. If it pans out there is a lot of potential gain to the downside.  If not, set your stop accordingly.

Here is a bit of evidence of divergence. The GDOW is not yet 61.8% retrace yet the S&P is hovering near all-time highs.
3 month treasury yielding .24%. Based on this rate the FED will NOT likely raise rates next week.  In fact, hints of lowering (if economic weakness blah, blah, blah) may be expressed.  In other words, the Fed follows the market, it does not lead.  It waits to see what the market is doing and then it reacts once it has moved and signaled. So far the market is not signaling a rate raise.

But we'll see where this chart is next Tuesday. They really don't know what the heck they are doing. Its quite funny and quite pathetic.

Wednesday, June 1, 2016

Elliott Wave Update 1 June 2016

So far the rooftop pattern is intact. A break above indicates another push to a new high is likely to occur.

Again, according to Robert Prechter of EWI, the 7.25 year cycle is due in June 2016. The cycle was expected to be a low, however perhaps it will be a high.